Join the El Campello forum
My name's Alex and this is my website all about El Campello in Spain. Register now for free to talk about Banking and finances in El Campello and much more!
I have a property in El Campello but live in the UK. I have been with Deutsche Bank for many years. They have now decided to charge me 30€ a month unless I deposit a minimum of 600€ each month. The fact that I have considerably more continually in my account makes no difference! Can anyone advise me of any bank(s) in Campello that offers free banking, please?
Thanks, Geoff
Posted: Thu Aug 22, 2019 6:01pm
Super helpful member
Spanish Law require banks to offer a free account granting basic services. In any case fees and charges are subject to negotiation.
Posted: Thu Aug 22, 2019 6:07pm
Thanks but that is not what Deutsche Bank say. Their charge of 30€ is mandatory unless you deposit a minimum of 600 € pcm. So I shall be leaving when next in Campello.
Posted: Wed Aug 28, 2019 10:04am
Hi. I spend a lot of time in Spain. I have a UK Santander account. It is a 123 account that costs £5 a month but there’s good interest on the balance. There is a free alternative. There is a good Santander presence in Spain and you get free withdrawals from their ATMs. I also have a Starling online account. You can transfer money online instantly and all withdrawals and spends are at bank interchange perfect rates.
Works for me!
Posted: Tue Jan 28, 2020 10:21am
Is their a Santander branch in el compello?
Advertisement - posts continue below
Posted: Tue Jan 28, 2020 11:18am
Hi. Yes there’s a Santander in the old town.
Posted: Tue Jan 28, 2020 11:55am
Thank you for your reply😇
Posted: Wed Jan 29, 2020 1:39pm
Helpful member
I have an account with Bankia (Cuenta On) which is free of commission. I've had some issues with annual fee charges for debit cards but I've recently received confirmation that these charges will be refunded (they haven't been yet). There are 2 Bankia cash machines in El Campello which are free to use. Other incur various levels of charges.
Other free accounts for non-residents are offered by N.26 and Cajamar (Wefferent Account). In case I need to switch from Bankia I'm considering opening a Wefferent account which looks attractive. It is commission free if you only use online transactions but you can visit the branch if you wish, incurring a small charge on each occasion.
Posted: Wed Sep 13, 2023 12:39pm
Do you need A Spanish bank account to pay Suma.
Posted: Wed Sep 13, 2023 12:48pm
Helpful member
In theory - no. For example:
You could have a N.26 account which isn't a Spanish bank but will provide you with a Spanish IBAN if you register your Spanish property as your address (you can still register the UK as your fiscal/tax residence.
Any organisation in Spain should accept payments from any SEPA registered financial institution (this includes UK banks etc) - but many don't and this is supposed to be illegal.
The best plan is to ask at your local SUMA office in the first instance.
Find more Banking and finances topics from a particular area:
Or view all Banking and finances topics in all of Costa Blanca.
